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Key Strategies to Develop AI Software Cost-Effectively

Smart Data Collective

Some companies are interested in taking advantage of the benefits of existing AI tools like ChatGPT. However, others want more control over AI technology, so they are seeking to develop their own AI software. The ROI of creating their own AI applications can be massive, but they still need to use them cost-effectively.

Software 142
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Navigating the cloud maze: A 5-phase approach to optimizing cloud strategies

CIO Business Intelligence

In todays fast-paced digital landscape, the cloud has emerged as a cornerstone of modern business infrastructure, offering unparalleled scalability, agility, and cost-efficiency. An enterprise with a strong global footprint is better off pursuing a multi-cloud strategy.

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Reimagine application modernisation with the power of generative AI

CIO Business Intelligence

As a consequence, these businesses experience increased operational costs and find it difficult to scale or integrate modern technologies. Indeed, more than 80% of organisations agree that scaling GenAI solutions for business growth is a crucial consideration in modernisation strategies. [2] The solutionGenAIis also the beneficiary.

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9 IT resolutions for 2025

CIO Business Intelligence

And ensure effective and secure AI rollouts AI is everywhere, and while its benefits are extensive, implementing it effectively across a corporation presents challenges. Kenney plans to partner with commercial off-the-shelf software providers to facilitate a proof-of-concept of their out-of-the-box functionality.

IT 140
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How to talk to your board about tech debt

CIO Business Intelligence

While CIOs understand the crushing weight of technical debt — now costing US companies $2.41 The more strategic concern isn’t just the cost— it’s that technical debt is affecting companies’ abilities to create new business, and saps the means to respond to shifting market conditions. You’re not alone.

ROI 136
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Infor’s Velocity Summit Highlights Multiple Advances and Enhancements

David Menninger's Analyst Perspectives

I recently attended Infor’s Velocity Summit , designed to showcase the latest versions of its CloudSuite ERP software. The company provides industry-specific enterprise software that enhances business performance and operational efficiency. This includes customer facing, financial, supply chain and workforce software.

Finance 130
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Deep tech disruption: How advanced technologies are transforming businesses

CIO Business Intelligence

From AI models that boost sales to robots that slash production costs, advanced technologies are transforming both top-line growth and bottom-line efficiency. Operational efficiency: Logistics firms employ AI route optimization, cutting fuel costs and improving delivery times. Crucially, the time and cost to implement AI have fallen.